On Monday, gold and silver exchange-traded funds (ETFs) dropped by as much as 3.5%. This decline followed a dip in precious metal prices triggered by hawkish statements from US Federal Reserve Chair Kevin Warsh. His comments increased the likelihood of an interest rate hike, which drove up bond yields and reduced the appeal of non-yielding assets like gold and silver. Additionally, the rise in crude oil costs contributed to growing inflation worries and market instability.
by shortkt.com✓